Entity Owned Property summary
This vacant 1,430 square foot storefront, located at 3035 Mobile Highway in Montgomery, Alabama, presents a unique investment opportunity. Built in 1960, this single-story building is zoned M1 and offers excellent visibility and accessibility. The property boasts ample parking and benefits from a high traffic count of approximately 11,419 AADT on Mobile Highway. Its strategic location provides convenient access to major transportation arteries, including proximity to I-65 (approximately 0.9 miles), I-85 (approximately 1.8 miles), and Maxwell Air Force Base (approximately 3.3 miles). The Air Force Base serves a substantial population of active duty personnel, guards, reserves, contractors, and retirees (approximately 25,000), and the Air Force University attracts 20,000 students annually. Furthermore, the property is conveniently located near Montgomery Whitewater, a popular outdoor recreation destination. The asking price is $75,000, translating to $52.45 per square foot. This property is ideal for a variety of retail uses and represents a strong potential for return on investment given its location and high traffic volume. The zip code is 36108.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
1; Ord. No. 44-68, § 1; Ord. No. 31-73; Ord. No. 69-83, § 1, 9-27-1983; Ord. No. 84-2002, § 1, 12-17-2002; Ord. No. 42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014) Sec. 4. - Industrial districts. Light Industry…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M-1 · Montgomery, AL1; Ord. No. 44-68, § 1; Ord. No. 31-73; Ord. No. 69-83, § 1, 9-27-1983; Ord. No. 84-2002, § 1, 12-17-2002; Ord. No. 42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014) Sec. 4. - Industrial districts. Light Industry…
Zoning
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Zoning designation
Official district profile
1; Ord. No. 44-68, § 1; Ord. No. 31-73; Ord. No. 69-83, § 1, 9-27-1983; Ord. No. 84-2002, § 1, 12-17-2002; Ord. No. 42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014) Sec. 4. - Industrial districts. Light Industry…
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The district profile from the municipal source: what is on file for M-1 in Montgomery, AL.
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